US will raise interest rate maybe after they repay some of the debt. If not the interest generate by those debt will bankrupt US. ______________________________________________________ SpartanXoXo but how we know when US will raise interest rate...
Ad Gold Price Forecast – Gold Markets Break Trendline The gold markets have broken higher during the trading session on Monday, to break above the $1850 level. Christopher Lewis Christopher Lewis 1 hour ago (May 17, 2021 03:47 PM GMT) Add to Bookmarks Gold Gold markets have rallied significantly during the trading session on Monday as traders have continued to buy into the idea of inflation taking off. With this being the case, if we can break above the highs of the trading session on Monday, that should continue to put more pressure to the upside, perhaps opening up the possibility of a move towards the $1950 level. That is an area that has been significant resistance in the past and if we broke above there then we would almost certainly go much higher over the longer term.
Too many masters boast the Israel conflict will boost Gold price.
In fact, gold price rise was due to inflation (potential US Fed raising interest rate) and crypto was in trouble. Money has nowhere to go except gold. Actually gold will go down eventually when interest rate goes up.
Also many technical guru sees gold recently turned uptrend. This is technical thing. All TA masters see the same thing. The problem with TA, all masters see the same trend.
On 12 May 21(before Raya closing), gold price at 1829. Today 18 May 21, gold price at 1867. In between, gold price just up (1867-1829)/1867*100=2%, but Tomei price up >30%. Think about it.
Tomei's quarterly reports are no joke. The last 3 QR is about 9 sen per share, per quarter. At this price, P/E is 4. I think this is the main reason for the price increase.
Yes, gold price is high and going higher. This company needs to manufacture it into jewelleries to sell them, converting them into sales revenue. In this pandemic (no one knows how long it lasts), and in severe economic down turn, can ordinary people have spare cash to buy them, instead of spending it on daily basic needs or saving cash for rainy days? When gold inventory is reduced, company has to replenish it too with more expensive lots to be purchased, so manufacturing cost will accordingly go up and so also finished items on sales in all their outlets. In MCO, sales in their shops or outlets will likely decline. Just a layman thought.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
SpartanXoXo
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Posted by SpartanXoXo > 2021-05-17 12:02 | Report Abuse
pohkong also up a lot...sigh dilemma..maybe buy both haha